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DR. MARK HENDRICKSON: WHAT’S WRONG WITH A TAX ON BILLIONAIRES? |
Last night, Democratic presidential hopefuls debated many things—including the economy. Senators Bernie Sanders and Elizabeth Warren have proposed an annual wealth tax on billionaires. Are these proposals problematical? In this article, economist Dr. Mark Hendrickson examines the plans and argues that there are technical and ethical issues in the proposals. He writes, “The three most egregious flaws with proposed ‘billionaire wealth taxes’ are that they are ungrateful, unfair, and un-American.”
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